Newark Preschool Council Inc
- Assets
- $9.6m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 515
- Location
- Newark, NJ
- Founding
- Data as of
- 01/2015
- EIN
- 22-1777158
Organization Overview
Newark Preschool Council Inc is located in Newark, NJ. As of 01/2015, Newark Preschool Council Inc employed 515 individuals. Newark Preschool Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
NEWARK PRESCHOOL PROVIDES FULL DAY PRESCHOOL SERVICES FOR HEAD START PROGRAM, ABBOTT PROGRAM AND WRAP AROUND PROGRAM TO RESIDENTS IN THE NEWARK MUNICIPALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START AND EARLY HEAD START.
ABBOTT PROGRAM (PROVIDES FULL DAY PRE-SCHOOL).
OTHER PROGRAM SERVICES INCLUDING WRAP AROUND PROGRAM AND CCFP NUTRITION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel West Member | Trustee | 2 | $0 |
Haneefah West Member | Trustee | 2 | $0 |
Patrick Council President | Trustee | 2 | $0 |
Linda Jumah Vice President | Trustee | 2 | $0 |
Shavon Harris Member | Trustee | 2 | $0 |
Carol Little Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,832,379 |
| Investment income | $297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,909,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,039,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,839,204 |
| Payroll taxes | $619,317 |
| Fees for services: Management | $328,444 |
| Fees for services: Legal | $105,989 |
| Fees for services: Accounting | $77,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,868 |
| Advertising and promotion | $0 |
| Office expenses | $126,336 |
| Information technology | $42,389 |
| Royalties | $0 |
| Occupancy | $1,040,033 |
| Travel | $16,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,322 |
| Insurance | $290,247 |
| All other expenses | $0 |
| Total functional expenses | $13,801,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,593,267 |
| Accounts payable and accrued expenses | $394,422 |
| Grants payable | $0 |
| Deferred revenue | $131,640 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,040,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $266,953 |
| Total liabilities | $6,833,433 |
| Net assets without donor restrictions | $2,759,834 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,759,834 |
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